Commodities Trade Support Analyst

My client, a leading financial markets and commodities bank, is looking for Trade Support Analyst to provide Operational support to the Commodities Business.


Commodities Trade Support Analyst

My client, a leading financial markets and commodities bank, is looking for Trade Support Analyst to provide Operational support to the Commodities Business.

The role is a BAU position but, given the pace of change within the Industry, all team members have an active portfolio of CTB (Change the Bank) work in addition to their run the bank responsibilities.

Key Responsibilities:

  • Act as Trade Support for a wide array of products across Energy, Precious Metals and Base Metals.
  • Review and validate all non-STP trading activity originating from front office on Trade Date by validating system bookings.
  • Monitor trades as they pass through the workflows in various front office systems and ensure they are quickly moved to back-office queues to enable timely processing of downstream operational functions (trade instruction, confirmation, matching, cash management and settlement)
  • Respond quickly to front office requirements for trade amendments / updates by moving trades back through the workflows and monitor timely resolution of completed updates / amendments.
  • Perform / validate Market Operations (client transfers, rate fixings, terminations, assignments etc.)
  • Monitor exceptions on inter-system automated trade feeds, i.e. FOBO reconciliations and ensure that all exceptions are identified and resolved
  • Perform internal trade reconciliations on Trade Date + 1 to identify missing and incorrectly booked internal trades. Work with front office to resolve booking problems in a timely manner and escalate where required.
  • Provide support to the wider Operations team by liaising with front office to undertake corrective action required to resolve exceptions/ breaks captured on downstream operational control points.
  • Record completion of all intra- and end-of days checks via on-line check lists.
  • Contribute to the review and feasibility assessment of proposed new products and support manager by ensuring that all necessary processes and procedures are implemented within Trade Support to facilitate trading of these.
  • Ensure that Regulatory obligations are met such as Transaction Reporting, Audit requests and exception management.
  • Be responsible for the preparation and maintenance of working instructions (procedures)
  • Perform analysis and investigation in respect of historic issues / exceptions as required.
  • Provide support to "Change the Bank" teams by participating in the development of business requirements, test scenarios and execution of (user) testing schedules.
  • Ensure that the appropriate controls exist in support of the change environment.
  • Ensure that Risk items are escalated appropriately to ensure that the business operates in a controlled manner and that all key risk issues are raised to management and key business stakeholders.
  • Ensure strong partnership with peers across Operations.
  • Constantly review the control framework to ensure that changes to the business operating model and the products traded are appropriately risk-managed.
  • Take responsibility and proactively manage personal development and training, especially within Trade Support.
  • Ensure that our clients receive the most efficient and productive service in our duties relating to the distribution of periodic position valuation statements and client trade allocations.

Qualification & Experience:

  • Banking operations experience with a proven background ideally in Commodities Trade Support or Confirmations, Settlements, Reconciliations or Investigations
  • Experience of Commodity products: Energy/Precious or Base Metals
  • Proven interpersonal and relationship building skills and ability to apply to relationships formed across different geographical regions
  • Proven experience of having thrived in a fast-moving, high-pressured environment
  • Understanding of FSA rules and regulations or equivalent
  • Understanding of risk and control
  • Knowledge of emerging markets
  • Education to Degree level highly desirable

  • Negotiable
  • London, England, United Kingdom
  • Permanent, Full time
  • Charles Levick
  • 2018-10-21